Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$233,406$233,406$625,500
Remaining term (yrs)23.223.230.0
Secondary amount$0$392,094$0
Funding fee$0$0$0
Note rate3.700%3.700%7.400%
Blended rate4.550%6.556%7.640%
1st payment$1,245.78$1,245.78$4,330.84
2nd payment$0.00$2,532.27$0.00
Taxes / mo$533.08$533.08$533.08
Insurance / mo$166.67$166.67$166.67
MI / mo$191.71$191.71$125.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,137.24$4,669.52$5,155.69
Cash to close$461,594$69,500$69,500